Dodd-Frank and the Financial Choice Act

Aaron Klein, a fellow of the Brookings Institute in Economic Studies and policy director of the Center on Regulation and Markets, outlines the Financial Choice Act, a House bill that aims to roll back and repeal a large portion of Dodd-Frank. The good news in what he says is that the bill is unlikely to pass the Senate in its present form. Still, as with healthcare, protections for the American people are likely to be reduced.